Genie Energy (NYSE:GNE) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Genie Energy (NYSE:GNE) released its earnings results on Friday. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01, MarketWatch Earnings reports. Genie Energy had a net margin of 6.08% and a return on equity of 24.53%. The company had revenue of $85.71 million during the quarter.

Shares of NYSE:GNE traded up $0.37 during trading on Friday, reaching $7.20. 287,801 shares of the company’s stock traded hands, compared to its average volume of 221,239. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.80 and a quick ratio of 1.60. Genie Energy has a 12 month low of $5.70 and a 12 month high of $11.98. The company has a 50 day moving average of $7.44 and a 200-day moving average of $8.78. The stock has a market capitalization of $191.50 million, a P/E ratio of 8.00 and a beta of 1.38.

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, November 15th. Genie Energy’s dividend payout ratio is presently 33.33%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Genie Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine raised shares of Genie Energy from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet downgraded shares of Genie Energy from a “b-” rating to a “c+” rating in a research report on Thursday, August 15th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Genie Energy in a research report on Wednesday, August 7th.

Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Genie Energy Services; and Genie Oil and Gas, Inc It resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States, as well as in the United Kingdom, Japan, and Finland.

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Earnings History for Genie Energy (NYSE:GNE)

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